Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed. In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin’s (BTC) future under the current macro conditions. Gold beating Bitcoin is “unlikely” this year Well known for his belief in Bitcoin coming from the latest global financial turmoil out on top, McGlone argued that inflation would… Source link

Learn how to sell Litecoins(LTC) in Nigeria easily by following the step-by-step guide, with relevant crypto trading apps you should use. Get started: Article Highlights: How to sell Litecoin in Nigeria Withdrawal methods Factors to consider when selling Litecoin in Nigeria Alternative ways to sell Litecoin in Nigeria How to sell Litecoins in Nigeria The most effective way to sell Litecoin in Nigeria is through a cryptocurrency exchange. If the assets are… Source link

Source: Wit Olszewski / Shutterstock.com Litecoin (LTC-USD) is struggling. LTC crypto has fallen drastically from $278 in mid-N0v. to $110 on March 17. Litecoin has a high correlation with Bitcoin (BTC-USD), so its turnaround will wait on a rebound in BTC crypto. Investors should use this period to average down into LTC crypto, especially since it’s much cheaper than Bitcoin. Litecoin is the 21st largest cryptocurrency as… Source link

Welcome to Newsweek‘s cryptocurrency news: in this daily update we will be looking at the movement and outlook for major cryptocurrencies, including Bitcoin, with a technical analysis. Meanwhile, the Newsweek Cryptocurrency Index has data on 11 currencies, with individual strength comparisons. Bitcoin (BTC/USD) Analysis Key Highlights BTC has gained more than $1,000 after the Fed’s Monetary Policy decision. The central bank hiked rates by 25 basis points, as expected. The hopes of a Russia and… Source link

The Metaverse has catapulted onto the public domain since November 2021, when Mark Zuckerberg announced that Facebook would be rebranded to Meta, to bring the Web 2.0 giant into the popular virtual world. The new cryptocurrency Seesaw Protocol (SSW) is already making waves in the crypto world, with a value increase of over 30% in recent weeks. As the crypto draws near to the end of its pre-sale phase 2, it could become the next Millionaire maker coin and follow in the footsteps of giants… Source link

Litecoin is currently trading just shy of the $110 level of resistance after a 13.7% bounce over the past 10 days. The industry’s 21st largest asset by market cap remains in a troubling downtrend on all higher time frames in spite of signs of promise in the short-term. If Litecoin can rally and begin to close daily candles above the $119 level of resistance, it would begin to form the hallmarks of a bullish reversal. However, the most notable level of resistance is at… Source link

“Since the last days of February, there has been a solid support line on the declines under $38,000,” Alex Kuptsikevich, a market analyst at FxPro, wrote in an email to CoinDesk. “And this is bullish strength, reflecting that long-term buyer interest has migrated from $30,000 to $38,000 due to inflation and geopolitical tensions. Source link

Cryptocurrencies remain uncertain, with the sentiment turning on and off every few days, which has forced them to trade within a tight range. Fantom and Litecoin remain bearish, although they have found support at some major levels and are starting to reverse higher, so let’s see if they can shift the trend now. Fantom is a network of blockchains built on Ethereum, where new projects can be built and connected to the mainnet. This brings scalability and avoids congestion, which has made… Source link

You cannot have Monero going higher for any sustained amount of time without the big coins doing the same thing. Monero has rallied a bit during the trading session on Wednesday as we are dancing around the $190 level. The 50 Day EMA sits underneath and is offering a bit of dynamic support, but at the same time, we have the 200 Day EMA above at the $210 level offering resistance. In other words, we are currently being squeezed between these two major indicators. Advertisement If we do break… Source link

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